Baku 20° C
Azerbaijani oil price up by over 9%
Energy
- 03 March, 2026
- 09:47
Add Report.az to preferred Google sources
Stay up to date with the top news!
The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $6.85, or 9.41%, to $79.6 per barrel, Report informs.
May futures for Brent crude were traded at $77.82 per barrel.
The price of a barrel of Azerbaijani oil of the Azeri LT CIF on Free on Board (FOB) basis at Türkiye's Ceyhan port rose by $6.69 or 9.54%, amounting to $76.79.
The average oil price in Azerbaijan's state budget for 2026 was set at $65 per barrel.
The lowest price for Azeri Light was recorded on April 21, 2020 ($15.81), and the all-time high of $149.66 was fixed in July 2008.
Author
Latest News
16:33
Photo
High-level strategic dialogue on Azerbaijan-UN partnership held in Khankandi - Update
Foreign policy
16:32
Azerbaijan's spending on mutton imports from Australia surges nearly 6-fold
Business
16:31
Photo
Azerbaijan, Türkiye and Uzbekistan discuss co-op in social protection
Social security
16:19
Denmark supplies Ukraine with over 50,000 rounds for F-16 cannons
Region
16:17
Azerbaijan approves crime-fighting cooperation agreement with Kyrgyzstan
Other
16:16
Azerbaijan, Poland sign roadmap to expand metrology cooperation
Business
16:11
Video of reception of India's FM posted on Ilham Aliyev's social media accounts
Foreign policy
16:03
KazMunayGas plans to export 1.7 million tons of oil via BTC in 2026
Energy
15:59
Brent reaches nearly $115 - Update-2
Energy